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Rexel S.A (RXL) Fair Value & Analysis

Technology · FR · Market cap €11.4B

RS Rexel S.A RXL · PA
Price€37.59
Fair Value€33.31
Upside-11.4%
Quality65/100
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Healthy Growth
Thin margins · 3.0% net margin
Moderate debt · generates free cash flow
3.08% dividend yield
Mixed vs. peers (8/15)
Narrow moat 41/100
Evidence: High Range €19.46 – €48.20 Share as image

Fair value as of: Jul 19, 2026

From 25 valuation models · updated 19 days ago

Fair value updated Jul 19, 2026, revised from €33.43 to €33.31 (−0.4%) since Jul 18, 2026. Share price +0.6% over the past month.

A solid business, but screening 11% overvalued on our models.

What matters now

  • A fairly wide model range (€19.46 to €48.20) leaves room in how you read the outcome.
  • Our model range runs from €19.46 (bear) to €48.20 (bull), base €33.31. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 65/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

€39.30 €11.51 Fair Value €33.31 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range €11.51 – €39.30 · fair‑value band €19.46 – €48.20 · the €37.59 price screens above the €33.31 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Rexel S.A (RXL) currently trades at €37.59, while our model-based Fair Value estimate is €33.31, implying the stock looks roughly 11.4% overvalued today. We read business quality at 65/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Rexel S.A generated revenue of €19.4B at a net margin of 3.0%. Revenue declined 0.2% year over year. It earns a return on equity of 10.8%. Net debt stands at €4.1B. Fundamentals as of Jul 19, 2026

Our scenario range runs from €19.46 (bear case) to €48.20 (bull case); at €37.59, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 1% below its 52-week high and 62% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at -11%, RXL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €17.50 €26.65 €39.00 80
Residual Income €16.58 €18.75 €29.73 76
Rev-Margin DCF €21.49 €37.09 €53.42 74
All 25 models by family
DCF Models
FCF DCF €16.76 €26.47 €40.11 38
Owner Earnings €24.89 €38.01 €56.41 31
5Y Revenue Exit €21.49 €36.88 €55.76 39
5Y EBITDA Exit €29.45 €50.86 €74.62 41
5Y P/E Exit €18.64 €31.87 €44.86 38
10Y Revenue Exit €18.56 €31.91 €48.25 36
10Y EBITDA Exit €24.45 €41.31 €61.84 37
10Y P/E Exit €17.72 €28.55 €40.39 35
Earnings-Based
Graham-Dodd €13.61 €29.47 €37.49 54
PEG = 1.0 €4.60 €6.57 €8.53 46
EPV €19.63 €23.98 €27.78 59
Dividend Discount
Gordon GGM €11.07 €17.24 €24.00 70
DDM Multi-Stage €11.07 €15.96 €21.49 61
Multiples
P/E Multiple €30.02 €40.03 €50.04 63
P/S Multiple €25.52 €34.03 €42.53 58
P/B Multiple €25.52 €34.03 €42.53 55
EV/EBIT €42.26 €58.50 €74.74 53
EV/EBITDA €43.14 €59.67 €76.20 54
EV/Revenue €26.39 €40.46 €54.53 43
Asset-Based
NCAV (Graham) €9.17 €12.28 €18.33 50
Growth DCF
Growth DCF €17.50 €26.65 €39.00 80
Rev-Margin DCF €21.49 €37.09 €53.42 74
Economic Profit
Residual Income €16.58 €18.75 €29.73 76
ROIC Compounder €19.81 €25.48 €31.86 72
Growth Earnings
Growth-Adj P/E €22.28 €31.83 €41.38 68

Widest divergence: Multiples (€40.03) versus Asset-Based (€12.28). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €19.4B
Revenue growth (YoY) -0.2%
Net margin 3.0%
Return on equity 10.8%
Free cash flow €650M FY2025
P/E ratio 19.4
More key figures
Operating margin 5.8%
EPS (TTM) €1.99
Dividend yield 3.1%
EPS growth (YoY) -24.8%
Net debt €4.1B FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 61 · Market factors (momentum, volatility) 70

Profitability 54
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 93
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 63
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Rexel S.A., together with its subsidiaries, engages in the distribution of low voltage electrical products for the residential, commercial, and industrial markets in France, rest of Europe, North America, and the Asia-Pacific. The company offers electrical supplies and solutions including industrial control, automation and specialty products.

Full company description

Rexel S.A., together with its subsidiaries, engages in the distribution of low voltage electrical products for the residential, commercial, and industrial markets in France, rest of Europe, North America, and the Asia-Pacific. The company offers electrical supplies and solutions including industrial control, automation and specialty products. It also offers a range of digital channels: automated logistics, webshops, mobile apps, online tools for product configuration, and electronic data interchanges. The company was founded in 1967 and is headquartered in Paris, France.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rexel S.A reported revenue of €19.4B in FY2025 versus €14.7B in FY2021, a compound +7.2%/yr. Reported net income was €589M in FY2025, compounding −0.3%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€19.4B
Latest YoY
+0.7%
Avg. growth/yr (3Y)
+1.3%
Avg. growth/yr (5Y)
+9.0%
Avg. growth/yr (25Y)
−3.4%
Revenue +7.2%/yr
FY21 €14.7B
FY22 €18.7B
FY23 €19.2B
FY24 €19.3B
FY25 €19.4B
Net income −0.3%/yr
FY21 €597M
FY22 €922M
FY23 €775M
FY24 €339M
FY25 €589M

RXL screens 11% overvalued. Compare with TD SYNNEX Corporation →

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Cite: Fair Value Calculator (2026). "Rexel S.A Fair Value". https://www.fairvalue-calculator.com/stock/RXL

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Electronics & Computer Distribution · 151 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 65 · Top 25%
Fair Value upside −11% · Above median
Return on equity (TTM) 11% · Above median
Return on assets 5% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 6% · Top 25%
Revenue growth -0% · Below median
Dividend yield (TTM) 3.1% · Above median
Debt / equity 0.54× · Higher than 75% of peers

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 19.4× · Pricier than median
P/B 2.43× · Pricier than 75% of peers
P/S (TTM) 0.67× · Pricier than median
P/FCF 20.1× · Pricier than 75% of peers
EV/EBITDA 12.9× · Pricier than median
PEG 1.12× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 18 · sector 15
FUTURE 0 · sector 57
PAST 43 · sector 36
HEALTH 73 · sector 98
DIVIDEND 62 · sector 39

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%
Insight Enterprises, Inc NSIT $114.65 $104.19 -9%

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Frequently asked questions

Is Rexel S.A (RXL) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of €33.31 versus a price of €37.59, about −11% (overvalued).
What is the fair value of RXL?
Our model-based fair value for Rexel S.A is €33.31 (as of Jul 19, 2026), built from audited fundamentals. The current price is €37.59.
What is the quality score of RXL?
Rexel S.A has a Quality Score of 65/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Rexel S.A (RXL)?
Rexel S.A reported trailing-twelve-month revenue of about €19.4B (latest available figure, as of Jul 19, 2026).
What is the net profit margin of RXL?
The net profit margin of Rexel S.A is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. Based on the latest reported figures.
Does Rexel S.A pay a dividend?
Rexel S.A currently shows a dividend yield of about 3.25% relative to its recent price (as of Jul 19, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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